Airbnb Invests in Cancun Real Estate Project

Mexico real estate investment has been making headlines over the last decade as tourism numbers continue rising dramatically year after year, especially in top international beach destinations like Cancun and the Riviera Maya, which is home to hotspots like Playa del Carmen, Cozumel, Puerto Aventuras and Tulum. Major international corporations have definitely taken notice of the opportunities here, with major hotel brands and luxury condo developments popping up overnight and selling out or filling up just as fast.

Most recently, Airbnb announced it will build a new real estate project in the Cancun Hotel Zone, offering easy access to the Mexican Caribbean Sea and the Cancun International Airport in a new luxury apartment complex designed to compete with big-box hotels. Read on to see why Airbnb is investing in Cancun real estate and why Mexico’s Riviera Maya is already emerging as the world’s next big beach destination!

Known as Airbnb Plus, the 12-apartment project will cater to luxury vacationers who want to enjoy the best of the Cancun Hotel Zone, with construction scheduled to begin later in 2018. Prices are expected to reach as high as $1,000 USD per night and each apartment will be completely furnished with the highest quality luxury finishes and a minimum of three bedrooms.

“The project of the complex is a property that will be a condo-hotel and will allow investors to acquire the development and offer it on platforms for this market segment, that spends up to three times more than the average tourist,” Cancun real estate developer Miguel Angel Lemus Mateos told the Rivera Maya News.

Airbnb will build the new Cancun real estate development in the middle of the Hotel Zone, which is already home to more than 140 properties offering accommodations. One major difference will be in the taxes owed by the investors, since vacation home rentals are in a lower tax bracket than big-box hotels. Airbnb also recognized nearby Playa del Carmen in the Riviera Maya recently for being the reservation leader in Latin America for Easter 2018.

Have you ever been to Cancun, or anywhere else in Mexico? Tell us where in the comments!